The owner of New York & Co., RTW Retailwinds Inc. is next on the long list of businesses facing the difficult decision of whether or not they should file for bankruptcy. Prior to the pandemic, and the stay at home order in place in some states, the owner expressed he was closing 30 stores and would be looking into subleasing office space in those stores.
Considering bankruptcy? Give us a call at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule a consultation appointment!
Wells Fargo & Co will put an end to providing loans to a larger part of its private auto dealer customers. This decision was made based upon the current economic challenges faced due to the Covid-19 pandemic. The company’s spokesperson said in a recent interview that they will continue to do business with customers who have seniority, but unfortunately will no longer be accepting any new loan applications. On the upside, the bank has been working proactively and has set aside $4 billion to cover the loan losses affected by the coronavirus outbreak.
Are you financially affected by the coronavirus outbreak? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
Missouri now has a required denial under a new statute that denies driver’s license reinstatement for possession charges. This statute states further that reinstatement cannot occur within 5 years of the filing petition. This means, that time in which a charge was pending does not count for the 5-year length of reinstatement.
Do you need assistance with a driver’s license reinstatement? Contact our office at 816-524-4949 or schedule a consultation on our website at hoorfarlaw.com.
The Director of Willis Dady Homeless Services, Emily Zimmon, speaks out and says she worries that the uncertainty of how many people will be affected, scares her. She said in an interview that she believes the moratorium on evictions was lifted entirely too early. She stated that unemployment is at such a high rate and many not knowing if they will have a job due to the fast decline of the economy.
Similar organizations, such as Iowa Legal Aid, are seeing a significant increase of housing intakes. Despite the courts not pursing legal action until mid-June, spokesmen from organizations such as these encourage the people to be on standby.
The city says they will do their part in setting up an application to help those in need.
Struggling financially? Please contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
24 Hour Fitness Worldwide Inc. is pursuing a financing package to continue in business after considering bankruptcy options. The company has been looking into a potential bankruptcy loan for as much as $200 million. Prior to the pandemic, the gym was already in financial trouble and the shutdown just so happen to force the close of 430 locations.
Struggling financially due to the pandemic? Give us a call at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
The fourth largest rental-car company, Advantage Holdco Inc., is filing for bankruptcy after the coronavirus pandemic takes a toll on the traveling world. With the value of rental car companies dropping significantly, Advantage is facing debts as much as $500 million according to court documents.
Do you need to file for bankruptcy? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
Vision Group Holdings, the management company for Lasik Vision Institute and TLC Laser Eye Center recently announced they would be filing for bankruptcy. With the closing of 126 stores due to the pandemic, the companies are $160 million dollars in debt. Chief Executive Lisa Melamed says she hopes the bankruptcy filing will help the sale of the company’s assets.
Is your company looking to file bankruptcy post-pandemic? We can help. Contact our office at 816-524-4949 or you can visit our website to schedule an appointment at hoorfarlaw.com
For $550 million, Santander Consume USA Inc., settled with 36 states for car loans to low-income non-preferred borrowers. Some of those states claim Santander neglected to monitor dealers that fabricated borrowers’ incomes and other information when proposing loan applications for them. The agreement states that consumers are entitled to $65 million in compensation, and up to $443 million to those who were still paying on loans to Santander.
Facing a lawsuit? Contact our office at 816-524-4949 or you can schedule a consultation on our website at hoorfarlaw.com.
This week we will have radio ads on 99.7
Monday June 1st, at: 3:42PM and 6:44PM
Tuesday June 2nd at: 10:44Am, 12:41PM, 1:42PM, 3:15PM and 4:43PM
Wednesday June 3rd at: 12:13PM, 1:15PM, and 2:16PM
Thursday June 4th at: 11:43AM, 1:17PM, 2:44PM, and 6:14PM
Tune in and listen to the station to hear how we can help you with personal injury or visit mykclawyer.com
Instead of a paper check or direct deposit payment, over 4 million people are receiving their economic stimulus payment via prepaid debit card. This decision was made by a smaller branch of the Treasury Department known as Bureau of the Fiscal Service – who work with the IRS to manage the distribution of the payments. These payments have been made in some cases due to account closings in small banks that return stimulus checks in the form of prepaid debit cards.
Directions and steps to activate card is presented on the IRS website.
Need taxes filed? The deadline was extended until July 15th and we can help before then! Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.